Iran plans to reopen the Strait of Hormuz and allow free shipping and navigation under a proposed framework to end the West Asia conflict, sources said.
The deal, under discussion between the US and Iran, would reopen the strait 30 days after the two countries agree to a deal to end hostilities in the Middle East.
During this 30-day window, Tehran would initiate efforts to clear mines from the strait, and thereafter, vessels from all countries would be able to navigate freely and safely, with Iran halting any transit fees for ships.
The proposed deal also includes a 60-day extension of the ceasefire agreed upon in early April and a two-month hold on Iran's nuclear program.
Negotiations have gained pace over the past few days, with Washington and Tehran both noting progress on sticking points, but acknowledging gaps that have delayed the agreement.
